FMG 0.60% $20.02 fortescue ltd

FMG Technical Analysis, page-11510

  1. 10,021 Posts.
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    Another reversal candle at the 3 year lows
    another higher green body +22c on another higher open +12c
    almost identical to thursdays candle just higher
    another low daily trading range
    another small neck 1c small tail 3c low volatility
    another chart hated by SHORTS daily
    another SHORT losing day and night

    look at the tail, only 3c ! WOW
    another very small tail here, meaning higher open kept going higher and didnt cut back down below

    bottom is in and V chart in process on the monthly
    SHORTS trapped in their delusion of never ending drops
    29 to 17 was an incredible run not even I predicted (19-22 was my low call in Feb)

    Shouldnt be below 19-20 imho
    retrace reconnecting soon looks like, August DCB in process to 20-22 imho

    BUYZONE appeared and closing soon
    BEAR TRAP SPRUNG

    BURN THEM SHORTS, BURN !
 
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